Teleflex Incorporated (NYSE:TFX) had its price objective boosted by Jefferies Group LLC from $270.00 to $295.00 in a research report issued on Friday. The firm presently has a “buy” rating on the medical technology company’s stock. Jefferies Group LLC’s price objective suggests a potential upside of 15.05% from the company’s current price. Jefferies Group also issued estimates for Teleflex’s Q2 2018 earnings at $2.31 EPS and Q4 2018 earnings at $2.87 EPS.

Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Teleflex from a “hold” rating to a “buy” rating and set a $261.00 price target for the company in a report on Tuesday, September 12th. BidaskClub lowered shares of Teleflex from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Barclays PLC reissued an “overweight” rating and issued a $253.00 price target (up previously from $230.00) on shares of Teleflex in a report on Tuesday, September 12th. Needham & Company LLC reissued a “buy” rating on shares of Teleflex in a report on Friday, August 4th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $251.00 price target (up previously from $238.00) on shares of Teleflex in a report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $271.88.

Teleflex (NYSE TFX) opened at $256.41 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.76 and a current ratio of 4.72. The company has a market cap of $11,551.01, a PE ratio of 31.69, a P/E/G ratio of 2.46 and a beta of 1.05.

Teleflex (NYSE:TFX) last posted its earnings results on Thursday, November 2nd. The medical technology company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.11. Teleflex had a net margin of 12.41% and a return on equity of 16.27%. The company had revenue of $534.70 million during the quarter, compared to analysts’ expectations of $522.94 million. During the same quarter in the previous year, the company posted $1.80 earnings per share. Teleflex’s quarterly revenue was up 17.3% compared to the same quarter last year. equities analysts expect that Teleflex will post 8.31 earnings per share for the current fiscal year.

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In other Teleflex news, Director Stephen K. M.D. Klasko sold 200 shares of Teleflex stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $237.18, for a total transaction of $47,436.00. Following the completion of the sale, the director now owns 8,080 shares of the company’s stock, valued at approximately $1,916,414.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 600 shares of company stock valued at $138,162 in the last ninety days. Company insiders own 2.39% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank grew its holdings in Teleflex by 14.5% during the 2nd quarter. Toronto Dominion Bank now owns 552 shares of the medical technology company’s stock worth $115,000 after acquiring an additional 70 shares during the period. Advisory Services Network LLC grew its holdings in Teleflex by 933.8% during the 2nd quarter. Advisory Services Network LLC now owns 827 shares of the medical technology company’s stock worth $172,000 after acquiring an additional 747 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new stake in Teleflex during the 2nd quarter worth $175,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in Teleflex by 200.0% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 900 shares of the medical technology company’s stock worth $174,000 after acquiring an additional 600 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Teleflex during the 2nd quarter worth $200,000. 89.78% of the stock is owned by hedge funds and other institutional investors.

Teleflex Company Profile

Teleflex Incorporated is a provider of medical technology products. The Company designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. The Company operates through six segments: Vascular North America; Anesthesia North America; Surgical North America; Europe, the Middle East and Africa (EMEA); Asia, and Original Equipment Manufacturer (OEM).

Analyst Recommendations for Teleflex (NYSE:TFX)

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